How did the wireless industry perform in the third quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
BlackBerry CEO John Chen said the company would consider getting out of the smartphone business in a year if it's not making money selling phones. Chen had previously said that he would consider exiting the handset business if it was not profitable, but had not given a timeframe for doing so.
BlackBerry CEO John Chen said the pending launch of the company's first Android smartphone forms part of an effort to accelerate a return to profitability at the company's hardware division.
At a time when BlackBerry's smartphone hardware business is shrinking, the company confirmed it will release a security and privacy-focused phone later this year called the "Priv" running on a modified version of Google's Android platform. BlackBerry CEO John Chen said the firm is working "with all of the major carriers" on the launch of the phone and thinks the company's security heritage will set it apart. However, BlackBerry reported revenue for its fiscal second quarter that missed analysts' expectations and a wider-than-expected loss.
BlackBerry reports results for its second fiscal quarter tomorrow, and the company's progress on growing its software revenue will again be in focus, as it was last quarter, with some analysts skeptical that BlackBerry can grow enterprise software sales as much as it hopes this year. Meanwhile, a new photo and details of BlackBerry's rumored phone running Google's Android platform leaked online.
BlackBerry said it plans to buy longtime mobile enterprise rival Good Technology for $425 million, a move that would combine the world's second and third largest suppliers of enterprise mobility management software and would roughly double BlackBerry's market share in the space. The action also will likely simplify the sales enterprise process for wireless carriers; most U.S. carriers resell enterprise mobility management products from both companies.
BlackBerry CEO John Chen admitted that his company's smartphones still do not give customers access to enough apps to be competitive with Apple's iPhones or those running Google's Android platform. And while Chen stopped short of confirming that the company is producing a phone running on Android, new photos of the rumored gadget popped up online.
BlackBerry's Android phone just got a bit more real. BlackBerry may release a touchscreen phone with a slideout keyboard that runs on Google's Android software in November with the support of all four Tier 1 carriers, according to posts from known and pretty reliable leaker of mobile device details Evan Blass, also known as @evleaks.
BlackBerry's CEO said the company will no longer release four phones per year. Instead, he said, the company plans to release only one or two high-end phones per year in order to save costs and focus more on enterprise software and services.
BlackBerry is cutting more jobs as the company moves to regain profitability under CEO John Chen, though it's unclear how many workers the smartphone and security software company is shedding.